Vermilion Energy (TSE:VET) Shares Pass Above Two Hundred Day Moving Average of $16.60

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.60 and traded as high as C$16.69. Vermilion Energy shares last traded at C$16.66, with a volume of 596,491 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on Vermilion Energy from C$23.00 to C$21.00 and set an "overweight" rating on the stock in a research note on Friday, March 8th. CIBC decreased their price objective on shares of Vermilion Energy from C$26.00 to C$22.00 and set a "neutral" rating for the company in a research note on Tuesday, January 16th. Royal Bank of Canada increased their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. TD Securities raised shares of Vermilion Energy from a "hold" rating to a "buy" rating and raised their target price for the stock from C$18.00 to C$20.00 in a report on Wednesday, March 27th. Finally, Desjardins lowered their price target on shares of Vermilion Energy from C$20.50 to C$20.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$21.88.

Vermilion Energy Stock Down 2.5 %

The business has a 50-day moving average price of C$15.65 and a 200-day moving average price of C$16.60. The stock has a market cap of C$2.64 billion, a PE ratio of -11.21, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. The business had revenue of C$522.97 million for the quarter, compared to the consensus estimate of C$593.34 million. As a group, analysts forecast that Vermilion Energy Inc. will post 1.8666667 earnings per share for the current year.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.95%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. Vermilion Energy's payout ratio is presently -33.10%.

Insider Buying and Selling at Vermilion Energy

In other Vermilion Energy news, Director Robert B. Michaleski bought 10,000 shares of the company's stock in a transaction dated Monday, March 11th. The stock was acquired at an average price of C$14.94 per share, with a total value of C$149,400.00. In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of Vermilion Energy stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. Also, Director Robert B. Michaleski acquired 10,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of C$14.94 per share, with a total value of C$149,400.00. Insiders own 0.15% of the company's stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.